Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Fla. Workers’ Comp Rate Decrease not Enough for Commissioner
Oct 24 2007 // Florida Insurance Commissioner Kevin McCarty disapproved the National Council on Compensation Insurance’s latest rate filing for workers’ compensation insurance rates, due to become effective next year. McCarty...
Homeowners Insurers Not Earning Cost of Capital Despite Rate Increases
Oct 24 2007 // The countrywide prospective return on equity for the homeowners line of insurance for 2007 is 7.0 percent, up from 5.4 percent in 2006, according to an analysis by Aon Re Global, a unit of Aon Corp. The year-over-year...
Md. Workplace Fatalities Rises in 2006
Oct 24 2007 // Statistics show the number of fatal work injuries in Maryland rose to 105 last year, an increase of 10 from the year before. The figure also represents the highest annual total since the U.S. Department of Labor’s...
Insure Montana May Cut Benefits to Reduce Premium Increase
Oct 24 2007 // The board that oversees a subsidized health-insurance plan for nearly 800 small businesses in Montana indicated it will try to hold down premium increases by cutting plan benefits. Jim Edwards, a member of the Insure...
Survey: MMG of Maine Named Best Ease of Doing Business Performer
Oct 23 2007 // More than 8,000 independent agents and brokers assessed the performance of over 220 property and casualty carriers in Deep Customer Connections Inc.’s (DCC) 5th annual Ease of Doing Business (EDB) survey. MMG...
Calif. Workers’ Comp Bureau Recommends Increasing Rates 5.2%
Oct 22 2007 // California’s Workers’ Comensation Insurance Rating Bureau has recommended that pure premium rates be increased to 5.2 percent, instead of the 4.2 percent recommended earlier in September. In September, WCIRB...
Insure Montana Premiums Could Go Up 32%
Oct 22 2007 // Small businesses with state-subsidized health insurance through the Insure Montana program face double-digit race increases next year, officials said. Blue Cross Blue Shield of Montana, the company that sells and...
Minn. Public Safety Survey Says Minnesotans Buckle Up
Oct 19 2007 // The Department of Public Safety said Tuesday the number of Minnesotans wearing seat belts has risen dramatically, with 88 percent of vehicle occupants now using them. The department said a survey revealed that seat belt...
Wyoming Occupational Injury Rates Decline
Oct 19 2007 // The rate of nonfatal occupational injury and illnesses in Wyoming is on the decline, according to a Survey of Occupational INjuries and Illnesses conducted by the Wyoming Department of Employment, Research and Planning,...
Survey: Calif.’s Hayward Fault “Ready to Pop”
Oct 19 2007 // “Time is not on our side,” when it comes to suffering damage from an earthquake along Northern Californa’s Hayward Fault, according to a new map by the U.S. Geological Survey. This week, USGS released a...
Research and Markets Issues Malaysia ‘Snapshot’ Survey
Oct 18 2007 // Research and Markets has added “Snapshots Malaysia Insurance 2007” to their offering as part of the research firm’s Snapdata series. R&M said the new report “provides 2005 year-end market size...
Survey: Satisfied Buyers of Homeowners Coverage Subscribe to More Than One Policy
Oct 18 2007 // Homeowners insurance policyholders who subscribe to at least one additional policy with their insurer tend to be more satisfied than those who only have a homeowners insurance policy, according to the J.D. Power and...
Texas District Judge Allows Allstate Texas Lloyd’s Rate Increase
Oct 17 2007 // On Oct. 15, Travis County District Judge Margaret Cooper ruled in favor of Allstate Texas Lloyd’s in the company’s quest to preserve an already-implemented homeowners rate increase. Cooper granted the...
Florida Subpoenas Allstate Over Home Insurance Rate Increases, Industry Ties
Oct 16 2007 // Florida officials have subpoenaed Allstate Insurance and its subsidiaries to get the insurer to explain why it is not lowering homeowners insurance rates in the state and to defend its dealings with the industry’s...
Total Bank Insurance Revenue Up in First Half of 2007
Oct 16 2007 // The nation’s bank holding companies increased their total insurance revenue 1.0 percent to $21.7 billion in the first half of 2007 from $21.4 billion during the same period in 2006. CitiGroup (NY), Wells Fargo &...
Survey Reports Drop in New Lawsuits, Actions Filed Against U.S. Companies
Oct 15 2007 // It may be too early to say that conflict has become passé, but U.S. businesses report a distinct drop in the number of lawsuits filed against them in the past year, according to the latest Litigation Trends Survey...
Agents Fear N.Y. Coast Insurance Market Worse; Pols Weigh Options
Oct 11 2007 // New York lawmakers are considering taking action to improve coastal insurance availability while insurance agents are telling them they fear market restrictions are worsening. Insurance companies, meanwhile, claim the...
Actuaries Urged to Watch for Emerging Benzene, Lead, Welding Rod Torts
Oct 10 2007 // Actuaries need to be on the look out for emerging mass tort claims related to benzene, lead paint, and welding rods, despite the fact that significant legal hurdles in these cases remain. The large pool of potential...
Conn. AG Alleges Reinsurance Antitrust Conspiracy Drives Up Consumer Prices
Oct 9 2007 // A lawsuit against a major reinsurance broker for alleged antitrust activity in Connecticut is being used to raise broader questions about the largely unregulated reinsurance business. Connecticut Attorney General Richard...
Insurance Complaints Decline in Texas
Oct 9 2007 // For the fourth year in a row Texans filed fewer complaints against their insurance companies with the Texas Department of Insurance (TDI), the Insurance Council of Texas reported. According to information from TDI’s...
